Equinix, Inc. (EQIX) Reaches $436.05 Formed H&S; Fly Leasing Limited (FLY) SI Decreased By 7.69%

Fly Leasing Limited (NYSE:FLY) had a decrease of 7.69% in short interest. FLY’s SI was 204,200 shares in January as released by FINRA. Its down 7.69% from 221,200 shares previously. With 92,300 avg volume, 2 days are for Fly Leasing Limited (NYSE:FLY)’s short sellers to cover FLY’s short positions. The SI to Fly Leasing Limited’s float is 0.78%. The stock decreased 0.92% or $0.12 during the last trading session, reaching $12.95. About 81,390 shares traded. FLY Leasing Limited (NYSE:FLY) has risen 12.56% since January 23, 2017 and is uptrending. It has underperformed by 4.14% the S&P500.

Equinix, Inc. (EQIX) formed H&S with $396.81 target or 9.00% below today’s $436.05 share price. Equinix, Inc. (EQIX) has $34.11B valuation. The stock decreased 0.42% or $1.84 during the last trading session, reaching $436.05. About 702,320 shares traded or 54.51% up from the average. Equinix, Inc. (NASDAQ:REIT) has 0.00% since January 23, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 6 analysts covering FLY Leasing (NYSE:FLY), 3 have Buy rating, 2 Sell and 1 Hold. Therefore 50% are positive. FLY Leasing had 21 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup initiated FLY Leasing Limited (NYSE:FLY) rating on Friday, December 8. Citigroup has “Sell” rating and $13.5 target. The firm has “Outperform” rating given on Wednesday, July 29 by Cowen & Co. The rating was maintained by RBC Capital Markets on Friday, August 11 with “Buy”. RBC Capital Markets maintained the shares of FLY in report on Friday, July 31 with “Outperform” rating. The stock of FLY Leasing Limited (NYSE:FLY) earned “Buy” rating by RBC Capital Markets on Thursday, November 2. JP Morgan downgraded FLY Leasing Limited (NYSE:FLY) on Friday, November 13 to “Underweight” rating. Cowen & Co maintained FLY Leasing Limited (NYSE:FLY) rating on Monday, October 23. Cowen & Co has “Buy” rating and $16.0 target. The rating was maintained by Citigroup on Tuesday, March 15 with “Buy”. Cowen & Co maintained FLY Leasing Limited (NYSE:FLY) rating on Monday, August 14. Cowen & Co has “Buy” rating and $1600 target. On Friday, August 19 the stock rating was maintained by Citigroup with “Buy”.

Fly Leasing Limited, together with its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. The company has market cap of $371.64 million. As of December 31, 2016, the firm had a fleet of 76 aircraft, including 65 narrow-body passenger aircraft and 11 wide-body passenger aircraft. It currently has negative earnings.

Since August 7, 2017, it had 0 insider buys, and 13 sales for $18.95 million activity. Campbell Michael Earl sold $92,486 worth of stock or 200 shares. Shares for $686,759 were sold by TAYLOR KEITH D on Thursday, December 14. $2.71M worth of stock was sold by STROHMEYER KARL on Tuesday, January 16. PAISLEY CHRISTOPHER B also sold $222,980 worth of Equinix, Inc. (NASDAQ:REIT) on Monday, August 7. Meyers Charles J sold $2.33 million worth of Equinix, Inc. (NASDAQ:REIT) on Tuesday, January 16. The insider Schwartz Eric sold $2.19 million. $703,395 worth of Equinix, Inc. (NASDAQ:REIT) was sold by VAN CAMP PETER.

Analysts await Equinix, Inc. (NASDAQ:REIT) to report earnings on February, 21. They expect $4.22 EPS, up 3.43% or $0.14 from last year’s $4.08 per share. EQIX’s profit will be $330.15M for 25.83 P/E if the $4.22 EPS becomes a reality. After $4.97 actual EPS reported by Equinix, Inc. for the previous quarter, Wall Street now forecasts -15.09% negative EPS growth.